Costello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LISLE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 9 grants totaling $334K. Net investment income was $26K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
-7.7% YoY
Annual Giving
$334K
-29.0% YoY
Grant Count
9
+28.6% YoY
Avg Grant Size
$37K
-44.8% YoY
Under IRS private-foundation payout rules, Costello Family Foundation reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
About Costello Family Foundation
Based on IRS filings
Costello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LISLE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 9 grants totaling $334K. Net investment income was $26K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,129,869 | $2,308,357 | $2,332,174 |
| Revenue | $96,186 | $427,414 | $330,699 |
| Expenses | $367,479 | $499,071 | $355,778 |
| Qualifying Distributions | $333,925 | $467,549 | $312,600 |
| Net Investment Income | $25,807 | $19,591 | $21,332 |
| Distributable Amount | $54,945 | $50,465 | $59,050 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Abccm Costello House ($250,000), Cross Pointe Ocala ($63,000), Fca ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ABCCM COSTELLO HOUSE ASHEVILLE, NC | DONATION | $250,000 |
| BREAKTHROUGH URBAN MINISTRIES CHICAGO, IL | DONATION | $3,000 |
| CROSS POINTE OCALA OCALA, FL | DONATION | $63,000 |
| FCA KANSAS CITY, MO | DONATION | $5,000 |
| TURNING POINT MINISTRIES BONITA SPRINGS, FL | DONATION | $2,400 |
| I-BIBLE WEST COVINA, CA | DONATION | $1,200 |
| LAMB LION MINISTRIES MCKINNEY, TX | DONATION | $325 |
| EPISCOPAL FARMWORKER MINISTRY DUNN, NC | DONATION | $5,000 |
| MANCAVE MINISTRY ASHEVILLE, NC | DONATION | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J COSTELLO II | PRESIDENT | — | — |
| LISA M COSTELLO | SEC-TREAS | — | — |
| DOMINIC V COSTELLO | VICE-PRES | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Costello Family Foundation?
Costello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LISLE, IL. It holds $2.1M in total assets as of 2024.
How large is Costello Family Foundation?
As of 2024, Costello Family Foundation holds $2.1M in total assets with $96K in annual revenue. It awarded 9 grants totaling $334K in 2024.
Where does Costello Family Foundation operate?
Costello Family Foundation has awarded grants in California, Colorado, Florida, Illinois, Missouri, North Carolina, Tennessee, Texas.
What size grants does Costello Family Foundation award?
In 2024, Costello Family Foundation awarded 9 grants totaling $334K — an average of about $37K per grant, based on its IRS Form 990 filings.
How much is Costello Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Costello Family Foundation reported a distributable amount of $55K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Costello Family Foundation's EIN?
Costello Family Foundation's EIN (Employer Identification Number) is 26-3258672. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Costello Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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